• Categories
  • Archives

Final Numbers In: Brazil’s Economy Grew Mere 2.3% in 2005

The Brazilian economy ended up growing 2.3% in 2005 in comparison with 2004, when the Gross Domestic Product (GDP) – the sum of all wealth produced in the country – rose 4.9%, the highest rate in the last nine years.

The GDP expanded 0.8% in the final quarter of 2005. according to data released on Friday (24) by the Brazilian Institute of Geography and Statistics (IBGE). The institute also revised its figures on GDP growth in the third quarter of 2005 from its previous announcement of -1.12%, to -0.9%.

According to the institute, family spending rose for the second straight year. Last year’s increase of 3.1% was stimulated by the 5.3% growth in the mass of workers’ salaries.

Another factor contributing to the increase was the 36.7% net growth in individual loans by the country’s financial system with repayment guaranteed by payroll discounts. Government consumption was up 1.6%.

Gross fixed capital formation (investments) also rose, 1.6%, in comparison with 2004. Exports were up 11.6%, and imports, 9.5%, less than in 2004, when they increased, respectively, 18% and 14.3%.

Agriculture grew 0.8% in 2005, the lowest rate since 1997 (-0.8%), while industry expanded 2.5%, and services, 2%.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Exports Grow 14% to US$ 61 Bi While Imports Are Up 22%

Brazil exported in the first semester the equivalent to US$ 60.901 billion, 13.5% more ...

This Holiday Season, Get a Flu Shot and Give the Gift of Health to Your Family

Advertorial When you get a flu shot this holiday season, you’re not only decreasing ...

ATW Magazine’s Aviation Award Goes to Brazil’s Embraer

Brazilian Embraer’s Executive Vice-President for Engineering and Development, Satoshi Yokota accepted Air Transport World ...

Germany Tries to Dump Tons of Waste Including Dirty Diapers in Brazil

The dumping of dangerous residuals in developing nations by developed countries is old hat. ...

Cracking MTV’s Cliché

Never cowering to commerce, Pato Fu stuffs a live recording with subversive seasoning, lyrical ...

The Red Bishop Goes to Heaven

Hélder Câmara’s Thoughts By Francesco Neves "Are you going to heaven?", a reporter asked ...

A Lula's rally in the Brazilian Northeast

The Red Flag-Waving Throngs Are Back in Brazil for Lula’s Reelection

The crowd rushed toward the helicopter as it landed in the nearby field. As ...

Argentina Calls Brazil’s UN Bid Undemocratic and Elitist

Argentina’s Foreign Minister Rafael Bielsa said Brazil’s request for a permanent seat on the ...

Brazil Finally Signs World Agreement on Sustainable Fishing

The Brazilian government openly backed the Compliance Agreement of the United Nation's (UN) Food ...

Rolling Stone Chooses the 100 Best Brazilian Albums Ever

Rolling Stone Brazil, the magazine, has made a list of the 100 best Brazilian ...